Evaluation of Litecoin (LTC) for Bears
The cryptocurrency market has experienced significant variations in recent years, and the market trend has a major impact on bitcoins and other altcoins. In 2018, Litecoin (LTC), with an open electronic cashier system, has experienced its own bear market that tested its profitability as a value leaf.
background from litecoin
In 2011, Litecoin is designed to be faster and lighter than Bitcoin, and the block was about 2.5 minutes compared to 10 minutes to Bitcoin. This allows for faster event processing times, which Litecoin is an attractive option for users who require quick access to digital cash.
Bear Market: Calculate Value
In January 2018, Litecoin had experienced his first big bear badge in August 2016.
There is a significant decline in value on the market and LTC lost more than 90% in just two months. For the first time, this meant a bear of this size.
performance during the bear
During this time, the LTC price remained relatively stable, with a daily bill of about 1-2%. As the market began to grow, the emblem results accelerated and some analysts predict all the green area.
Litecoin experienced his first serious recovery after reaching the market in January on 10 December 2018. The coin got about 50% of its market a day earlier, which means one of the most important price jumps in the most recent memory.
performance assessment
To understand the Litecoin performance during this time, some key indicators are analyzed:
- Price
: The average daily LTC price during the bear was about $ 180-200 per coin.
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- Market capital : LTC’s market value was approximately $ 1 billion at the summit in January 2018.
Factors affecting recovery
Several factors influenced Litecoin’s recovery from the bear:
- Changes in regulatory : Increased regulatory monitoring and cryptocurrency uncertainty may have discouraged investors from purchase in LTC, which allows for a reflection of the badge.
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- Technical problems
: Technical problems of the Litecoin network, such as a temporary reduction in block in February 2018, can also affect recovery.
App
Litecoin’s performance for bears was unusual. Despite the significant losses, the cost of the badge has risen and gained adhesion among investors. However, it should be noted that this is only one case, and Litecoin is still in the face of rigid competition for other other cryptocurrencies on the market.
As the cryptocurrency market developed, understanding the factors affecting the coin results during the bear market can provide valuable information for investors who want to use future opportunities.
Recommendations
If you are considering investing in litecoin or other cryptocurrency, here are some key results:
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- Versatile : Apply investments to multiple cryptocurrencies to minimize risk.
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